Cisco Systems (NASDAQ:CSCO) New Router Orders

Cisco Systems (NASDAQ:CSCO) has received new orders for its routing system CRS-3. Cisco Systems (NASDAQ:CSCO) New Router Orders The networking leader Cisco Systems (NASDAQ:CSCO) said that it has received orders for its routing system CRS-3, which will help to move large amount of data and video through networks. The company received orders from more than 80 companies, including AT&T, which will help Cisco Systems (NASDAQ:CSCO) to meet its growth goals. The CRS-3 provides a capacity of 322 Terabits per second and a 60% power saving. Suraj Shetty, Cisco Systems (NASDAQ:CSCO) vice president, said, "This is what's needed to scale the Internet. In the last 18 to 24 months there has been rapid adoption of high- quality, premium video coming over the Internet to devices at your home, whether it's your iPad, laptop or phone". Cisco Systems Inc. (NASDAQ:CSCO) shares were at 17.65 at the end of the last day’s trading. There’s been a -15.8% movement in the stock price over the past 3 months. Cisco Systems Inc. (NASDAQ:CSCO) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 2 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.71 Zack’s Rank: 5 out of 23 in the industry
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